iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Sees Significant Decrease in Short Interest

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOPGet Free Report) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 6,167 shares, a drop of 89.8% from the June 15th total of 60,241 shares. Based on an average daily volume of 150,412 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

iShares Nasdaq Top 30 Stocks ETF Stock Up 0.6%

QTOP stock traded up $0.23 during midday trading on Friday, hitting $38.14. The company’s stock had a trading volume of 111,793 shares, compared to its average volume of 199,636. iShares Nasdaq Top 30 Stocks ETF has a 1 year low of $28.23 and a 1 year high of $39.41. The stock has a market cap of $292.92 million, a price-to-earnings ratio of 33.35 and a beta of 1.38. The stock’s 50-day moving average price is $37.74 and its 200 day moving average price is $33.92.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $0.0337 per share. The ex-dividend date was Monday, June 15th. This is a boost from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03. This represents a $0.13 annualized dividend and a yield of 0.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Diversify Advisory Services LLC raised its holdings in iShares Nasdaq Top 30 Stocks ETF by 45.7% during the 4th quarter. Diversify Advisory Services LLC now owns 66,685 shares of the company’s stock valued at $2,155,000 after buying an additional 20,929 shares during the last quarter. ATX Financial Planning LLC purchased a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at about $483,000. PFG Investments LLC purchased a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at about $784,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter worth about $57,000. Finally, Stratos Wealth Advisors LLC boosted its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 9.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 51,166 shares of the company’s stock worth $1,635,000 after purchasing an additional 4,618 shares during the period.

iShares Nasdaq Top 30 Stocks ETF Company Profile

(Get Free Report)

The iShares Nasdaq Top 30 Stocks ETF (QTOP) is an exchange-traded fund that is based on the Nasdaq-100 Top 30 index. The fund aims to track an index composed of the 30 largest companies by market-cap from the Nasdaq-100 Index. The components are weighted by market-cap with capping limits QTOP was launched on Oct 24, 2024 and is issued by BlackRock.

See Also

Receive News & Ratings for iShares Nasdaq Top 30 Stocks ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Nasdaq Top 30 Stocks ETF and related companies with MarketBeat.com's FREE daily email newsletter.